Baghdad: Energy expert Dirgham Muhammad Ali confirmed that the Russian company Lukoil’s declaration of force majeure and suspension of its operations in Iraq will not affect Iraq’s oil exports. In a statement to the Iraqi National News Agency (NINA), …
Baghdad: Basra Heavy and Basra Medium crude oil closed with slight gains for the week. Basra Heavy crude oil rose by $1.06 in its last trading session on Friday, reaching $62.07, a weekly gain of 34 cents, or 0.55%. Basra Medium crude oil also closed …
Baghdad: Economic expert Manar al-Ubaidi has confirmed that Iraq is on the brink of a significant financial deficit, which is projected to exceed 15 trillion dinars by the end of this year. This alarming situation poses a threat to the country’s abili…
Baghdad: Oil prices rose after Ukraine attacked a key Russian oil port and Iran seized a tanker near the Strait of Hormuz, injecting a new price premium due to geopolitical risks. West Texas Intermediate crude jumped 2.4% to settle above $60, while Br…